They're calling it an IPO because they're not legally allowed to put up a banner reading HEY WOULD YOU LIKE TO HOLD A BAG, YOU BIG FUCKING IDIOT
Ed Burmila
Hi! I'm Bret Rhett Chet, here to tell you why you should buy and hodl SpaceX stonk. For a mere $135/share, you get pro forma tangible book value of $7.85/share, an immediate 94% dilution. New investors are putting up 48% of all capital ever invested in SpaceX in exchange for 4.2% of the shares.
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